If you're juggling payments on multiple loans, including credit cards, you might benefit from a debt consolidation loan. Combining all debt into one new loan at a lower rate could help you save money each month. Adjust the terms, loan type and rate to create a consolidation plan that fits your budget and needs.

Personal Debt Consolidation Calculator

Should you consolidate your debt? This calculator is designed to help determine whether debt consolidation is right for you. Enter your credit cards, auto loans and other installment loan balances by clicking on the "Enter Data" button for each category. Then change the consolidated loan amount, term or rate to create a loan that will work within your budget. Click the "View Report" button for detailed results.

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Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.